Mortgage loans are leading examples of transactions where experts on one side of the market take advantage of consumers' lack of knowledge and experience. We study the compensation that borrowers pay to mortgage brokers for assistance from application to closing. Two findings support the...

Mortgage loans are leading examples of transactions where experts on one side of the market take advantage of consumers' lack of knowledge and experience. We study the compensation that borrowers pay to mortgage brokers for assistance from application to closing. Two findings support the...

Introduction to the experiences and challenges in the development of the Chinese capital market / Douglas Cumming, Alessandra Guariglia, Wenxuan Hou, and Edward Lee -- Information asymmetry and the diversification discount : evidence from listed firms in China / Michael Firth, Man Jin and...

China is an increasingly influential emerging economy that is currently attracting the attention of academics, practitioners, and policy makers. This book is a collection of cutting edge research findings on issues relating to the experiences and challenges of China's capital market development.